Mid, small-cap stocks bear brunt of market correction, decline 10% in April

The latest spell of underperformance in the broader market has dashed hopes of investors who were betting on this space following huge declines in 2018

The latest correction seen in the markets has hit the mid- and small-cap stocks most. While the benchmark indices have come off around 5 per cent from their record highs in April, the mid- and small-cap indices have declined by about 10 per cent during the same period. 

The Nifty on Thursday ended at 11,257, 4.5 per cent off its all-time high of 11,787 on April 16. The Nifty Midcap 100 ended at 16,673 and the Nifty Smallcap 100 closed at 6,103.80 — down 8.6 per cent and 10 per cent, resp­ectively, for the same period.

The latest spell of underperformance in